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Saturday, 21 October 2017

Capital City' s stories

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  • Peters with border.bmp

    Greek salvation is a case of European reality suppression

    Capital City | 17 February 2012

    I admit to be slightly shaken by the way in which the Greek bailout package seems to be coming together all of a sudden. If it is implemented and if Greece does avoid default – well, default under the new definition which will have been created by the European authori

  • Billabong

    Billabong shares surge on takeover bid, asset sale

    Capital City | 17 February 2012

    Billabong International rebuffed an US$820m private-equity bid with plans to sell a stake in its Nixon watch brand and close up to 150 stores. The move saw its shares soar more than 50% on February 17.

  • bonds ifr europe

    EUROPEAN CORPORATE WRAP: Hopes of curtain falling on Greek saga boost sentiment

    Capital City | 17 February 2012

    European corporate credit indices ground tighter on Friday, tracking gains in global equity markets stemming from renewed hopes that Greece would sign a deal to secure a second bailout on Monday.

  • Yelp

    Yelp beats Facebook to market

    Capital City | 17 February 2012

    Local review website Yelp expects to price its US$100.1m IPO on March 1 after setting deal terms late Thursday. At the top end of the US$12–$14 marketing range, and based on 59.9m outstanding Class A and Class B shares, Yelp is being valued at $838.6m, or about 10 times 2011 revenues.

  • ETF asset growth2

    High-yield poised for rocky road as ETFs grow, inventories shrink

    Capital City | 16 February 2012

    The high-yield market is poised to become intrinsically more volatile going forward as ETF participation, mixed with shrinking dealer inventories, become the norm.

  • Traders signal orders in the S and P pit at the CBOE in Chcago

    Experts start to hedge in wake of red-hot bond rally

    Capital City | 16 February 2012

    Everybody’s hedging now –– or at least they should be –– if they want to lock in gains from the extraordinary rally in corporate spreads this ye

  • Greek drachma euro

    Vulture funds prepare to battle Greek default

    Capital City | 16 February 2012

    Greece looks set to face a protracted legal battle with so-called “vulture funds” over large chunks of its foreign law-governed bonds, regardless of the outcome of the ongoing negotiations to restructure its debt. (*Correction appended).

  • Peters with border.bmp

    Battle of wills in Athens and Berlin

    Capital City | 16 February 2012

    I have just returned from a few days in and around France which is cranking up to its Presidential elections (of which more in due course) but I was largely cut off from the office and even with the benefits of mobile phones, iPad apps and heavens knows what other rit

  • Iceland Foods

    RESTRUCTURING: Iceland Foods deal to boost Landsbanki returns

    Capital City | 16 February 2012

    Landsbanki bondholders stand to receive a boost after the winding-up board of the failed Icelandic bank confirmed it has entered exclusive sale talks with Malcolm Walker, chief executive of Iceland Foods, the UK supermarket in which Landsbanki owns a 67% stake.

  • Dividend futures

    DERIVATIVES: Dividend rally set to continue

    Capital City | 16 February 2012

    With fourth quarter earnings in full swing, dividend futures continue to stage an impressive rally that has been building since prices slumped in mid-2011 as concerns surrounding the banking sector took their toll on expected corporate payouts.